Latest Forex Research
Daily FX Update
Markets are quiet with most currencies having gained or lost between +/‐0.1% since yesterday’s NA close.
CHF Mid-day Analysis
Like the Euro, the Swiss has caught a bid this week because growth in the US and UK has been calledinto question and
JPY Mid-day Analysis
Reduced inflation pressure from China, reduced fears toward US growth in the wake of supportive earningsand the
EUR Mid-day Analysis
Positive economic talk from an EU official overnight on improvements in the European loan market,combined with sagging economic views toward the US and
USD Mid-day Analysis
After a downside extension overnight the September Dollar index has managed to recover.
CAD Mid-day Analysis
While the Canadian might be underpinned by the prospect of more Chinese stimulus ahead,
GBP Mid-day Analysis
A pattern of lower highs to continue in the wake of a slight softening of UK home prices overnight.
EUR/AUD – Above 1.4343/1.4264, the upside remains wide open
Having only marginally overshot the projected 4th wave target at 1.4430 (int. 38.2 %) we still see
EUR/GBP – The range breakout at 0.7959 is now targeting 0.7755/44
With the latest break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at 0.8005 as
GBP/USD – Above 1.6996, the bulls remain in control and 1.7332 in focus next
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
EUR/USD – Above 1.3557/37 the bounce risk remains high
The failure to even come close to 1.3877 (minor 76.4 %) and the following break below hourly trend line support
FOMC Minutes: USD Another Reaction?
The main Fed focus for the week are today’s minutes from the June FOMC announcement.